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Asian Markets Down Big . . .

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Asian Markets Down Big . . .

Unread postby Cashmere » Sun 05 Oct 2008, 22:05:55

I've got a really bad feeling that the descent is accelerating.

I think that it's time to go into emergency mode.

[web]http://finance.yahoo.com/intlindices?e=asia[/web]
Last edited by Cashmere on Sun 05 Oct 2008, 22:14:06, edited 1 time in total.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Re: Asian Markets Open Down Big

Unread postby Daniel_Plainview » Sun 05 Oct 2008, 22:10:01

Nikkei 225 -388.28 -3.55% 10,549.86 10/6 11:00am
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Re: Asian Markets Open Down Big

Unread postby ohcomeon » Sun 05 Oct 2008, 22:10:03

$this->bbcode_second_pass_quote('Cashmere', 'I')'ve got a really bad feeling that the descent is accelerating.

I think that it's time to go into emergency mode.


I was just looking at that on Bloomberg and telling myself I must be overreacting...
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Re: Asian Markets Open Down Big

Unread postby smallpoxgirl » Sun 05 Oct 2008, 22:12:24

The dollar is up more. WTF!?!?! :-x
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Re: Asian Markets Open Down Big

Unread postby Snowrunner » Sun 05 Oct 2008, 22:15:04

$this->bbcode_second_pass_quote('smallpoxgirl', 'T')he dollar is up more. WTF!?!?! :-x


People going out of stock and into currency right now trying to figure out where to go next.

But yeah, I am constantly questioning my sanity in all of this, being around most people, those who are aware, still seem to think the worst that could happen is a repeat of the 70s.

BTW, PBS has a podcast out on the whole thing and they had an interview with the guy who was CFO with WaMu until 2002 and he seems to think that too (1970s).

I do at times feel like I am one of those Y2K people.....
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Re: Asian Markets Open Down Big

Unread postby Revi » Sun 05 Oct 2008, 22:15:48

I think people flee to T-bills and dollars as a safe haven in troubled times. That is what is driving the dollar up.

This isn't looking good at all.

What is going on? You would think that the 700 bil would calm the waters. It hasn't bought even one day of calm in the markets.

It looks like the next few weeks could be rocky.
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Re: Asian Markets Open Down Big

Unread postby Jotapay » Sun 05 Oct 2008, 22:16:35

$this->bbcode_second_pass_quote('Cashmere', '
')I think that it's time to go into emergency mode.


I'll open up the safe when the neighbors start to stare at my head and murmur, "brrraaains".
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Re: Asian Markets Open Down Big

Unread postby eastbay » Sun 05 Oct 2008, 22:19:29

$this->bbcode_second_pass_quote('Revi', 'I') think people flee to T-bills and dollars as a safe haven in troubled times. That is what is driving the dollar up.

This isn't looking good at all.

What is going on? You would think that the 700 bil would calm the waters. It hasn't bought even one day of calm in the markets.

It looks like the next few weeks could be rocky.



I bet it has something to do with the idea that $700 billion could be dished out in the first day leaving a very, very long queue of suits standing in front of a closed window.

This may be a situation where $700 billion isn't enough. That's the message I get from Friday USA and Monday Asia.
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Re: Asian Markets Open Down Big

Unread postby Cashmere » Sun 05 Oct 2008, 22:26:31

$this->bbcode_second_pass_quote('smallpoxgirl', 'T')he dollar is up more. WTF!?!?! :-x


SPG - I was surprised by this too, but I think there's some clarity available.

Where else are you going to put your money?

Sure, the beast of the dollar has taken a beating over the last few years, but where are you going to put your money when you smell that the end is near?

The Kroner? The Yen? The Remnimbi?

The Euro?

The Euro?

Did you fricken just say the Euro?

The weakness of the Euro has been completely exposed in the last 10 days. The EU is like a football that has been inflated to 10 times it's normal pressure - you can practically see the seams starting to stretch.

It's only a matter of time.

Only a matter of time.

BANG goes the EU, and BOOM goes the Euro.

Looked at that way, two things seem apparent.

1. The dollar is not going to crash as quickly as it once seemed, and

2. Gold's trajectory in going to make a Saturn V's look tame (until they take it from you by making it illegal).
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Re: Asian Markets Open Down Big

Unread postby smallpoxgirl » Sun 05 Oct 2008, 22:26:36

$this->bbcode_second_pass_quote('eastbay', 'T')his may be a situation where $700 billion isn't enough. That's the message I get from Friday USA and Monday Asia.


I think the other thing that can't be overlooked is that this is not free cash falling from the sky. It's money that is being moved from the corporate and municipal bond market to the banks and investment firms. More importantly than "is it enough" is "Is it enough a helpful or productive idea." I don't see how it is. The banks aren't lending because they're scared for their own butts. This is just going to make it even harder for corporations and municipalities to raise funds. It seems to me that this is probably going to act the opposite of how it was billed and make the credit crunch worse.
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Re: Asian Markets Open Down Big

Unread postby nobodypanic » Sun 05 Oct 2008, 22:30:08

$this->bbcode_second_pass_quote('Cashmere', ' ')Where else are you going to put your money?


canned beans, shotgun shells, and bullets.

or am i just being overly paranoid? well F it, that's what i am going to do.
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Re: Asian Markets Open Down Big

Unread postby smallpoxgirl » Sun 05 Oct 2008, 22:34:19

$this->bbcode_second_pass_quote('Cashmere', 'W')here else are you going to put your money?


Well...mine at the moment is in UDN. Thus my frustration at the rising dollar.
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Re: Asian Markets Open Down Big

Unread postby Rubin_Flagg » Sun 05 Oct 2008, 22:35:40

Today is the Freddy and Fannie auction...
My money says it goes very bad. Everything is still frozen up. This is the MOAC (MOE ACK) Mother of all Crashes.

I say the week ends with bank holidays globally after all markets crash 15%.

Get cash baby!
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Re: Asian Markets Open Down Big

Unread postby eastbay » Sun 05 Oct 2008, 22:35:43

$this->bbcode_second_pass_quote('Cashmere', '')$this->bbcode_second_pass_quote('smallpoxgirl', 'T')he dollar is up more. WTF!?!?! :-x


SPG - I was surprised by this too, but I think there's some clarity available.


2. Gold's trajectory in going to make a Saturn V's look tame (until they take it from you by making it illegal).



As most of us here know, in the 30's and again in the early 80's gold was priced the same as the DJI. This may develop into a situation where they meet again. The question is, where do they meet?
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Re: Asian Markets Open Down Big

Unread postby joeltrout » Sun 05 Oct 2008, 22:36:18

$this->bbcode_second_pass_quote('Cashmere', 'I')'ve got a really bad feeling that the descent is accelerating.

I think that it's time to go into emergency mode.


I actually had faith in the markets 3 months ago. What was I thinking???

The markets continue to crash, PMs no where to be found, and during an election year so some people are distracted by politics.

Talk about a perfect storm. Just pray we don't have a major hurricane hit the Gulf this October.

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Re: Asian Markets Open Down Big

Unread postby Cashmere » Sun 05 Oct 2008, 22:37:50

$this->bbcode_second_pass_quote('nobodypanic', '')$this->bbcode_second_pass_quote('Cashmere', ' ')Where else are you going to put your money?


canned beans, shotgun shells, and bullets.

or am i just being overly paranoid? well F it, that's what i am going to do.


You're not being paranoid.

Amen.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Re: Asian Markets Open Down Big

Unread postby Daniel_Plainview » Sun 05 Oct 2008, 22:40:21

$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Cashmere', 'I')'ve got a really bad feeling that the descent is accelerating.

I think that it's time to go into emergency mode.


I actually had faith in the markets 3 months ago. What was I thinking???

The markets continue to crash, PMs no where to be found, and during an election year so some people are distracted by politics.

Talk about a perfect storm. Just pray we don't have a major hurricane hit the Gulf this October.

joeltrout


Indeed! This has become the perfect financial storm.
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Re: Asian Markets Open Down Big

Unread postby sicophiliac » Sun 05 Oct 2008, 22:41:53

Well 3-4% isn't that extreme of a drop but considering its on the heels of the passage of the big old save the day bail out bill its troubling. I would be more patient with the dollars fall though, once this bail out doesn't pan out you can bet there will be talks of another one. Eventually things might start to stabilize in the credit markets but only on an inflationary note. Basically I think they will put some much money into the financial system that the economy will probably bounce back again but it'll probably be hyper inflationary. Oil will bounce back stronger than even, the commodities boom will roar back in general and yes the dollar will crash.
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Re: Asian Markets Open Down Big

Unread postby Cashmere » Sun 05 Oct 2008, 22:44:02

$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Cashmere', 'I')'ve got a really bad feeling that the descent is accelerating.

I think that it's time to go into emergency mode.


I actually had faith in the markets 3 months ago. What was I thinking???

The markets continue to crash, PMs no where to be found, and during an election year so some people are distracted by politics.

Talk about a perfect storm. Just pray we don't have a major hurricane hit the Gulf this October.

joeltrout


You know Joel, I fundamentally like you, but you strike me somewhat as a big apple-pie up his ass flag waver.

Is that true?

Do you have a 25 foot pole and flag in a nicely groomed circle of mulch in front of your house, complete with little light pointing up?

Do you think that America is the greatest country in the world?

The reason I ask is that, for being a PO aware guy, you seem to take many positions that I would view as Patriot Joe Six Pack positions.

?
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Re: Asian Markets Open Down Big

Unread postby Spanktron9 » Sun 05 Oct 2008, 22:45:33

$this->bbcode_second_pass_quote('nobodypanic', '')$this->bbcode_second_pass_quote('Cashmere', ' ')Where else are you going to put your money?


canned beans, shotgun shells, and bullets.

or am i just being overly paranoid? well F it, that's what i am going to do.


Check. Check. and Check. Just because I'm paranoid doesn't mean everyone isn't out to get me!
Who are you going to turn to when all the crazy Peak-oil doomers end up being right?
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